Avantax Advisory Services Inc. Increases Stock Position in Capital Group Growth ETF (NYSEARCA:CGGR)

Avantax Advisory Services Inc. lifted its holdings in shares of Capital Group Growth ETF (NYSEARCA:CGGR) by 13.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,083 shares of the company’s stock after buying an additional 30,439 shares during the period. Avantax Advisory Services Inc. owned about 0.15% of Capital Group Growth ETF worth $8,000,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Northwest Capital Management Inc purchased a new position in Capital Group Growth ETF in the fourth quarter valued at about $32,000. Tennessee Valley Asset Management Partners purchased a new position in Capital Group Growth ETF in the 4th quarter valued at approximately $33,000. Transcendent Capital Group LLC purchased a new position in Capital Group Growth ETF in the 4th quarter valued at approximately $33,000. Winch Advisory Services LLC raised its holdings in Capital Group Growth ETF by 218.7% during the fourth quarter. Winch Advisory Services LLC now owns 1,463 shares of the company’s stock worth $41,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Capital Group Growth ETF by 146.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 762 shares during the last quarter.

Capital Group Growth ETF Trading Down 2.6 %

Shares of CGGR stock traded down $0.87 during mid-day trading on Wednesday, reaching $33.21. The stock had a trading volume of 864,345 shares, compared to its average volume of 1,217,688. Capital Group Growth ETF has a 12-month low of $23.34 and a 12-month high of $34.10. The business has a 50-day simple moving average of $32.55 and a 200 day simple moving average of $31.13. The company has a market cap of $5.65 billion, a P/E ratio of 28.99 and a beta of 1.22.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.